KUALA LUMPUR (June 23): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum, while the other 14 stocks showed negative momentum.
The stocks with positive momentum were:
INIX Technologies Holdings Bhd — up two sen or 44.44% at 6.5 sen
PDZ Holdings Bhd — up one sen or 25% at five sen
The stocks with negative momentum were:
Cabnet Holdings Bhd — up one sen or 5.71% at 18.5 sen
Cuscapi Bhd — up 2.5 sen or 20 % at 15 sen
Daibochi Bhd — up three sen or 1.22% at RM2.48
Diversified Gateway Solutions Bhd (DGSB) — up two sen or 23.53% at 10.5 sen
Iris Corp Bhd — up one sen or 5.71% at 18.5 sen
Lotus KFM Bhd — up one sen or 3.03% at 34 sen
ManagePay Systems Bhd — up one sen or 10.53% at 10.5 sen
Prestariang Bhd — down one sen or 1.83% at 53.5 sen
Sam Engineering & Equipment (M) Bhd — down seven sen or 0.97% at RM7.14
Sersol Bhd — up one sen or 7.41% at 14.5 sen
Solution Group Bhd — up one sen or 10% at 11 sen
Silver Ridge Holdings Bhd — unchanged at 40 sen
Vertice Bhd — down 0.5 sen or 1.69% at 29 sen
Vivocom Intl Holdings Bhd — up 0.5 sen or 20% at three sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.